Sunrise Energy Metals Ltd (SREMF)

[drobx]

The placement is at $1.15 Australian, which is about 90 cents US. The release says that Australian and New Zealand shareholders can also buy a limited amount of shares at the same rate. I would imagine that this will depress the market price to that same level. But on the good side, it is encouraging that someone is willing to put a substantial amount of money into the company.